Financial Statements — ERNA
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 9.18 | 3.05 | 4.32 | 1.92 | 4.26 | 2.59 | 5.12 | 4.55 | 1.84 | 5.40 | 13.25 | 19.41 | 23.50 | 24.38 | 50.16 | 8.41 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.02 |
| Total Current Assets | 10.00 | 3.38 | 4.79 | 2.21 | 4.73 | 3.58 | 6.16 | 7.03 | 3.89 | 6.52 | 15.85 | 21.93 | 25.14 | 25.76 | 51.94 | 8.71 |
| Property, Plant & Equipment | 0.09 | 0.09 | 0.05 | 0.07 | 0.11 | 0.65 | 0.71 | 0.17 | 0.19 | 0.22 | 0.23 | 0.42 | 0.31 | 0.55 | 0.58 | 0.57 |
| Goodwill | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 |
| Total Non-current Assets* | 0.55 | 2.79 | 2.79 | 2.85 | 2.99 | 42.90 | 43.49 | 45.22 | 43.06 | 8.59 | 5.07 | 4.98 | 10.24 | 13.64 | 12.77 | 11.98 |
| Total Assets | 10.54 | 6.17 | 7.58 | 5.06 | 7.72 | 46.49 | 49.66 | 52.25 | 46.95 | 15.11 | 20.93 | 26.90 | 35.38 | 39.39 | 64.71 | 20.70 |
| Accounts Payable | 1.30 | 0.96 | 1.32 | 1.27 | 2.19 | 2.19 | 2.06 | 1.46 | 2.68 | 1.46 | 1.15 | 1.48 | 1.11 | 1.00 | 3.68 | 1.81 |
| Total Current Liabilities | 3.46 | 2.14 | 2.65 | 10.44 | 9.95 | 9.60 | 7.77 | 9.63 | 7.17 | 5.41 | 7.47 | 7.12 | 3.68 | 4.56 | 7.68 | 3.90 |
| Total Non-current Liabilities* | 0.23 | 0.46 | 0.49 | 0.57 | 43.16 | 45.41 | 45.30 | 39.06 | 35.92 | 2.32 | 4.65 | 5.01 | 14.38 | 21.79 | 21.84 | 21.22 |
| Total Liabilities | 3.68 | 2.60 | 3.14 | 11.01 | 53.11 | 55.01 | 53.07 | 48.69 | 43.09 | 7.73 | 12.11 | 12.12 | 18.07 | 26.35 | 29.53 | 25.12 |
| Retained Earnings | (251.14) | (244.13) | (242.88) | (239.74) | (225.77) | (199.16) | (193.63) | (180.82) | (175.23) | (170.71) | (160.80) | (153.48) | (150.08) | (151.23) | (65.18) | (55.08) |
| Total Stockholder Equity | 6.86 | 3.57 | 4.44 | (5.95) | (45.39) | (8.53) | (3.41) | 3.56 | 3.87 | 7.38 | 8.81 | 14.78 | 17.31 | 13.04 | 35.18 | (4.42) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | -- | -- | -- | -- | -- | 0.00 | 0.49 | 0.05 | 0.05 | 0.02 | 0.05 | -- | -- | -- | -- | -- | -- | -- | 4.63 | 3.15 |
| Cost of Revenue | -- | -- | -- | -- | -- | 0.00 | (0.06) | 0.10 | 0.06 | 0.07 | 0.12 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | -- | -- | -- | -- | -- | 0.00 | 0.55 | (0.05) | (0.01) | (0.05) | (0.07) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.69 | 1.78 | -- | -- | 5.39 |
| Selling, General & Admin | 1.63 | 1.42 | 0.96 | 1.37 | 1.42 | 1.54 | 3.38 | 3.90 | 4.32 | 4.51 | 3.98 | 2.51 | 3.59 | 2.78 | 3.34 | 6.21 | 4.51 | 4.21 | 4.26 | 4.62 |
| Total Operating Expenses | 5.59 | 2.10 | 1.99 | 2.50 | 2.73 | 2.70 | 2.81 | 4.88 | 5.77 | 5.67 | 5.44 | 4.55 | 5.32 | 4.74 | 8.30 | 13.88 | 6.30 | 9.28 | 86.33 | 10.01 |
| Operating Income | (5.59) | (2.10) | (1.99) | (2.50) | (2.73) | (2.70) | (2.26) | (4.93) | (5.79) | (5.76) | (5.50) | (4.55) | (5.32) | (4.74) | (8.30) | (13.88) | (6.30) | (9.28) | (86.33) | (10.01) |
| Pretax Income | (5.55) | (1.56) | (1.23) | (3.14) | (8.19) | (5.75) | (26.59) | (5.53) | (6.64) | (6.16) | (5.60) | (4.50) | (5.41) | (4.45) | (7.31) | -- | (9.37) | -- | -- | -- |
| Tax Provision | (0.04) | (0.06) | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | -0.00 | (0.01) | 0.00 | 0.01 | 0.04 | 0.01 | -- | 0.00 | -- | -- | -- |
| Net Income | (5.51) | (1.50) | (1.24) | (3.14) | (8.20) | (5.76) | (26.60) | (5.53) | (6.65) | (6.15) | (5.59) | (4.51) | (5.42) | (4.49) | (7.32) | (3.40) | (9.37) | (8.70) | (86.06) | (10.09) |
| Basic EPS | (6.95) | (1.33) | (0.15) | (0.61) | (0.15) | 3.91 | (4.92) | (1.02) | (1.23) | (1.14) | (1.03) | (0.85) | (1.06) | (5.34) | (2.49) | (0.06) | (0.17) | (0.24) | (1.70) | (0.24) |
| Diluted EPS | (6.95) | (1.33) | (0.15) | (0.61) | (0.15) | 3.91 | (4.92) | (1.02) | (1.23) | (1.14) | (1.03) | (0.85) | (1.06) | (5.34) | (2.49) | (0.06) | (0.17) | (0.24) | (1.70) | (0.24) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (2.26) | (1.15) | (1.27) | (2.53) | (2.06) | (3.54) | (6.28) | (2.26) | (3.75) | (4.66) | (5.83) | (3.87) | (6.05) | (5.43) | (6.12) | (3.99) | (5.43) | (6.83) | (6.42) | (6.80) |
| Capital Expenditures | 0.00 | 0.02 | 0.02 | -- | -- | 0.00 | 0.02 | 0.25 | 0.10 | 0.02 | 0.00 | 0.00 | 0.00 | 0.02 | 0.04 | 0.19 | 0.05 | 0.15 | 0.01 | 0.00 |
| Free Cash Flow* | (2.27) | (1.16) | (1.29) | -- | -- | (3.54) | (6.30) | (2.51) | (3.85) | (4.68) | (5.83) | (3.87) | (6.05) | (5.46) | (6.16) | (4.18) | (5.48) | (6.98) | (6.43) | (6.80) |
| Investing Cash Flow | -0.00 | (0.01) | (0.02) | -- | -- | 0.00 | (0.02) | (0.25) | (0.10) | (0.02) | 0.00 | 0.00 | 0.00 | 0.13 | (0.04) | (0.09) | (0.05) | (0.15) | (22.86) | -0.00 |
| Financing Cash Flow | 9.56 | 0.00 | 0.03 | 4.93 | 2.25 | 1.01 | 3.89 | (0.02) | 1.39 | 7.70 | 8.54 | 0.31 | 0.00 | 7.59 | 0.01 | (0.01) | 11.99 | (0.42) | 3.50 | 48.56 |
* Derived from reported values
